s&p also down half percent at 4 1458. nasdaq at 3089. oil is lower. transports lower. utilities are down. against economically sensitive areas expressing some concern about the health of the economy and this ahead of reports earning season which kicks off this week. >> it does put the focus squarely on earnings season. we have taken care of the fiscal cliff situation but when i was on the floor the other day, there is still a lot of tension about the debt ceiling debate and they don't want the infighting again from washington. and unfortunately, i think that's what they are going to get. >> it sure looks that way, sue. as everybody says, we are getting ready for the biggy here. that one promises to dwarf the fiscal cliff debate. that will do it for "power lunch" sue. >> ty, have a great afternoon. see you back at the ranch. "street signs" begins right now. see you tomorrow.

back to the' 70s here on "street signs" because this is like rodney dangerfield, getting no respect, even though the bull mark set entering its fifth year. and we did something last year we nearly never do. we have stats to make you go hhmmmm coming up. and welcome back carter. at least for taxes. why some face the top end tax rate above 50%. one man makes the case that big banks are gambling with your money and stock, our guest says you got to own right now, mandy? >> indeed he does. in the meantime, dow and s&p despite coming off the best week in over a year have not had a winning streak as long as three days in almost a month. that's a stat that makes you go hhmmm, bit way, s&p 500 rose 5.6% this week and is up 2 percent over the last month.

those are the stats we have for you right now. let's get more of the meat. bob bob pisani at the nyse and rick santelli. bottom line, bob, is it going to help or hinder the markets? >> i think it will be a head wind only because prices have moved up ahead of that partly on resolution of fiscal cliff. partly on the fact there is so much liquidity out there. let me show you the dow. declining to advancing stocks. less buying interest but remember what happened last week with huge buying interest. most major sectors on basically all of them down fracturely. there is a pretty even distribution energy is the weak one today. gold and gold stocks have been weak today. all of the big gold names. harmony down 5%. shutting down a big mine in south africa. a lot of labor unrest out there. i know brian was talking about

the rodney dangerfield rally, the lack of respect, let me second that. put up what happened. last week we hit five-year highs on the s&p. historic highs on the russell. historic highs on the mid cap. historic highs on the mid trans ports. and what we saw, nothing. quiet as a pin drop. no respect. >> no respect and no champagne popping either. i guess people have been burned in the past. in the meantime, rick santelli, boy, did those minutes last week shake things up. we saw yields breaking through technical levels. eight-month highs. what do you think this month will bring? >> i take the rodney dangerfield analogy along with your question and say that the reason that the stock market isn't getting the respect it deserve says because it is kind of like bowling 300. if you're keeping score yourself, there is always a

question. so obviously the fed's score keeping with the quantitative easing programs changes perception of equities but also changing perception of the yield curve. as you look at one-month chart of ten-year minus two-year which is hovering in the low 160s or chart hovering in the 280s, the steeper yield covers also one of the anxieties that shows up. if quantitative easing that extraordinary prices program is under debate for longevity. we would like to say rates are going up because the economy is going up. many part of that is true, but only part. >> all right, rick, thank you very much. to further what bob was saying with his stats, here are a couple other stats you've got to look at folks. which makes you wonder why this market isn't getting more, you know, respect. here you go, bull market entering now, hard it believe, its fifth year since the bottom of 2009. we have been higher every year. when you go through the s&p 500,

80% of the s&p 500 are higher over the past 52 weeks. you got many of the names more than 50% higher and couple have even doubles. here is the one that sticks out to me, courtesy of our good friends at spoke investment group. 2012, was one of only eight times going back to the 1920s, where the stock market did not trade down on a year to date basis in the year. even our lows were higher than the beginning of the year. that's why we're calling it the rodney dangerfield rally. >> that's a story of my life. no respect. >> so what is it going to take for this bull mark to finally get some respect? joining us be matt mccorps. matt, why hasn't this market,

with all the hyperbole and stats and amazing runs we've had, why aren't more penl participating? >> i think there is a great feel out there still brian and mainly politically driven. the market dodged a bullet with the fiscal cliff deal and yet you look at debt negotiations and many people think will have a much more dramatic impact on the market. people will focus on earnings. there is a speculation it is weaker than expected. people are gearing up for a very nasty and british political debate and i think they're, like rodney, a comedic actor. i think you will see a lot of drama in the market going forward. >> what do we need to see to get that respect back? to get the trust back, dan? >> you need miracle. you look at the democrats. i think they are stupid and republicans are inept. it goes to the 1 17b8g hour negotiation and the deal is put together. it is not going to be clean. and we will see the impact on likely sequester deal. potential downgrade of the u.s. debt.

>> we can all pray for miracles. i'm not sure we will get one. dan, what do you think beyond miracles will bring the respect back? >> i think you saw a little bit of respect, certainly from a relief standpoint. a lot of the rally i think we look at now, dodging the fiscal cliff. i think people were optimistic whether that was valid or not, turning out that again they did dodge the bullet. as we go forward, it is really going to be the reality of what we will see in earnings season. people feel that you know, we're not going off the cliff. nothing catastrophic. we are certainly facing the budget and the debt ceiling crisis in front of us. and it is going to be back to earnings. i think there is a reality here which is why we aren't getting the respect that we still see fundamentals not really change. you will see 1.5% gdp growth and frankly, about a 14 pe right now. you are fairly valued. i think people are sanguin saying there is not great news

out there but the news out there will be moving us along very, very slowly. >> and i hear what you guys are saying but matt do we care why stocks are up? i understand -- we could have made excuses across the market and we have. it's the fed. dc's inept, i guess that. every time i open my 401(k) statement, it is higher. ultimately, do we care why stocks are going up? >> people like seeing upwards results. but when you look underneath it, you see short cummings, low quality names, areas prone for profit. i think also people are factoring in, there will be about a 1.5% hit to gdp for the fiscal cliff deal. obama care will add another 1% to gdp. earnings do matter but the politics are driving this market. that's the dominant theme and there is no easy answer. so people are nervous and i think they are wise to be so. i think dividends give you a

safer way. an anecdote to volatility. >> if you look at earnings estimates at this stage, they are ratcheted down so much since, say, october, maybe things are better than the lowest mates. >> mandy, i think it is a possibility or expectations right now are so low, that even if we have disappointment, a lot of that is factored into the market. i think there is another regard to the fiscal cliff issue, giving this market support and at least modest attractiveness. that is that we are in a situation, i think it is significant that you didn't see the tax rates go up significantly on dividends. you are at 20%. and if you are below $450,000 in income you stay at 15. so i think when you look at the yields, look at dividend plays. people are still looking for income. not getting in the bond market and even though it might not be a dramatic driver, i think it is going to give us more support in this overall market as people look for income.

>> i hear you, matt, about points you made. if we waited for d.c. to get its act together we should have never invested in stocks for the history of the united states probably. >> that's a great point, brian. this one is real. this is a big issue here. and i think if people need to be invested in stocks, i absolutely agree. dividends will work better than anything else out under. >> my point is this, though, matt. but you know what is bigger? the bond market. if the fed raises rates, couldn't that be a couple hundred billion new bucks that comes back to stocks for the first time in years? >> and if they do, they will probably go into dividends because those investors are focused on income and they need it and it is difficult to get when the ten-year is below 2%. >> got to leave it there, folks. thanks for joining us. let's get some respect back under the market. it has been tossed around when the u.s. will hit the debt limit. it could be sooner than first thought. what's the new timeframe.

>> as early as february, where fiscal policy experts examined this closely, is extraordinary measures that treasury leaned on to try to delay the debt ceiling or hitting the debt ceiling, that window begins february 15 a, ends march 1st. that's sooner than people expected. there are ways in which the treasury might get additional wiggle room in they delay tax refunds but if they don't take that step which would be unpopular and risk hooe, treasury would have to, no later than mar much 1, prioritizing its bills, figuring out by the day or category, which bills it was going to honor. it is unprecedented for the u.s. government to not honor all of its obligation chess is why steve bell is a veteran senate republican budget policy aid who gave this briefing at the center, said he wouldn't rule out the prospect that white house would reconsider the president's statements that he lacks under the constitution, the executive authority to out

laterally lift the debt ceiling. well see whether the administration sticks to that line, if congress doesn't act, which is a big if. >> how did we get the original estimate so wrong then? >> we didn't. the center accurately called when the treasury would hit the debt ceiling in a technical sense. that's late last year, december 31. but as treasury secretary geithner said at the time, there are ways in which the government can shuffle money, decline to reinvest government funds that can extend that window out. the question is, when that window expires and most people have been operating under the presumption mandy, that it could come as soon as february 15th. on deck, big banks and bernanke bucks. are the giants doubling down on the fed and gambling with your

money? >> plus -- >> ♪ staying alive ♪ >> staying aalive in these texting times. how our so-called tax code is strangely similar to the 1970s. and then later on, the story of the day honey boo boo's money boo boo. all this ahead.

many big banks feel the blews today. comments from analysts lately on the group, not helping today. >> you've also got many of the banks settling a massive foreclosure case today totaling $8.5 billion. walk us through the details, big deal today. >> big one, mandy. ten banks will pay a collective $8.5 billion to 3.8 million borrowers. those are the numbers you need to know. what is interesting is that everyone in the 3.8 million pool gets something. whether they were wronged financially or not. who's in the pool? anyone in any stage of foreclosure in 2009 and 2010 and serviced by one of those ten banks. that is the message from federal regulators who called this the biggest mortgage pay out yet under cash. last year's $25 million settlement with state ags involve millions in principle forgiveness. now the two are totally separate. today will end a long review and

costly process looking at foreclosure practices loan by loan. critics say banks get off the hook with just paying out cash instead of having their dirty foreclosure laundry aired to the public. this announcement came on the heels of a separate $11.6 billion settlement between fannie mae and bank of america. bank of america buying back loans for $6.75 million. we have a lot more details of this on cnbc.com. please check it out. brian? >> we will. thank you very much. that's not the only big theme on big banks today. too big to fail banks gamble with bernanke bucks. banks took billions in buyouts but isn't lending it out and it using it for profits.

steve liesman is with us and he disagrees with some of what bill found. why do you think then that money that gave the banks, taxpayers, we, being used to gamble. >> moral hazard problem that makes fannie mae look small. we have ben bernanke pushing on the rope, pushing on the bank balance sheets. we've got banks that don't want to lend that money out in interest rate because the small business owners who are supposed to be recipient of that money according to the federal reserve are too risky to take loans at that rate. so it is high pojcated and used to gamble in derivatives market. all of this is happening opaquely, off balance sheet and the big fear is what happens when the black spawn comes along and everyone calls in their collateral. >> steve, do you disagree? >> i think it is factually inaccurate to say the excess reserves are high pojcated. i do believe there is excess reserves out there and that there is a small increase in

lending about a half trillion since 2010. most reserves were made excess. they are not required, showing they haven't turned into loans. my understanding is that you cannot hihypothicate in loanes. the only difference is what is in excess reserves and the loans that are out there. . bill, as far as i understand, it is something the banks are not doing and can't do. >> let's be careful because money is fungible. it is about following the dots. if the money wasn't there then the money they took in as deposits would be o out in loans. no excess. and money left over to gamble. >> i don't think that's accurate. ieallhink that's accurate. you say that banks want the excess reserves but they just kind of sit there, right? the excess reserves, let's be clear about what the source of them is, excess reserves are a

buy product of quantitative easing. fed buys these assets and the money has to go somewhere on the other side of the ledger. it becomes excess reserves. banks can't do anything with it. even if they spent the extra reserves, it could wum back to them with another reform. >> they can't do it with those dollars. there are other dollars -- >> where is the evidence in your story? you even make the mistake -- >> he said a total issuance of commercial loan says down -- >> it is up -- >> i did -- i did. >> 117 billion and up 500 billion. sorry, it is up -- yeah, abo aboabout 50 -- >> why since 2008? >> that's when the crisis began. >> what about since 2010 when they are up since then? does it count or not? >> you can count it since yesterday. >> the fact is that lending has come back quite a bit sense then.

>> since the low. >> guys, let's get off the actual nuances of dates. i'm going to agree with both of you in a sense, steve. what about this? i guarantee a lot of our viewers that will agree with bill they aren't getting loans yet their tax dollars are bailing out banks. >> has it increased r@@elative the amount of money that ben bernanke is pouring out to banks? >> let's be clear. another mistake that bill makes in his piece at the very beginning is he says that creating these excess reserves is the intention of the policy. it is not. the intention of the policy is to lower interest rate and a buy product of policy is excess reserves. >> it depends on what you think the fed is doing. if you think the fed is bailing out banks an not trying to help the economy -- >> that's the thing we are missing here.

>> it is not shoring up the balance. >> they have no requirement for this money. >> i have a quick question. do you agree with bill's point that because the fed is essentially unofficially lowered rates it cap on rates if you like, to the point where the risk return ratio just isn't there, right? as far as the bank is concerned, it is just not worth the risk of a small business -- >> i don't. because to me that sort of fundamentally misunderstands banks. with the risk spread for your funds and the amount you get out in the market pl while that negative, the cost of funds is also really low and the spread is not too bad. it is fairly profitable and that's why in fact you can seen bill a return in lending since february 2010. >> and 2 t is going to people who don't need it. it is going to large companies -- >> you do make an interesting point. you do make an interesting point about the regulatory regime and underwriting standards. but what do you is confuse

regulatory regime and underwriting with quantitative easing and monetary. they are two separate acts. one by congress. so we can have a good debate, is dodd-frank right or wrong. is the fed too tough when it comes to underwriting standards. but that is not related to underwriting. >> strict underwriting for personal use. >> when have you an extra $2 trillion sitting around, it is going to go somewhere. it is going to be gambled like with the london whale. >> gentlemen, we agree to disagree. a -- bill, thanks for -- >> read the hedge article. that's where the information comes from. >> thanks for bringing it to us in a discussion. >> thank you. >> take care. >> yeah. >> lots more discussion ahead on "street signs." >> a new post sickness. i'm healing debates -- >> you are shockingly and

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insurance companies are increasing premiums on some rates. hikes are inching into the double digits. in other words, going up 20 plus percent year over year at least that's what is proposed in states like california. who is going to bear the brunt and why is this happening? joining us today is healthcare analyst at capitol street and mark shupan, small business owner in michigan. this is the kind of article that drives people nuts. we pass through obama care. some people like it, some people don't. but it was supposed to prevent this type of thing from happening and yet we are reading about it being proposed in california. >> agreed. i mean, look, to me it makes perfect sense. this is a trend i've heard about for several weeks now. so it is not brand new to me. but if you're an insurer, this

is your last plate at the apple. knowinging obama care starts in 2014, there won't be underwriting. you will have guaranteed issue. this is their last bite at the apple. so it is capitalism at work. frustrating as it is. >> capitalism at its worst as well. mark i read today that wendy's is cut something employee hours to side step obama care. that's a big corporation. you have a small business. are you making an adjustment to your employees as a result of higher insurance premiums. >> well at the moment we have 400 employees. we've had insurance for 45 years. what we are looking at right now, i think like all small businesses, we, we hate what we don't know. and when i talk to -- we have really fine i.t. department -- or not i.t., human resources. and they tell me this is a

nightmare. and it isn't what you know, it is what you don't know. i don't mean to be negative but when have you 1800 pages plus of regulations, i wouldn't doubt there is something to fund for a cure for a disease that hasn't been discovered yet. that my concern. but at this point in time we may not be hiring new people until we find out what goes on but we won't be letting anybody go. >> how much do you think your healthcare cost will go up. >> right now we spend over $2 million. i think the costs will be administrative cost. we have outside people we've hired. and i can't be finite but we know they will go up. we pay 85% of our employee's health cost at the moment. we are going to try to continue to do that. but we think in the future, there will be more shared cost. so there will be more cost to our employees eventually. >> we can't debate obama care. it is the law of the land, passed through, it is not going to change.

how do we fix this problem though going forward. i know healthcare cost, the rate of increase has slowed. i guess that the good news. but that the rate of increase. it is still going pup one-third of "american idome america is o obese. most people are on prescription drug. we have people going out on disability with mood and stress disorders. how do we solve the bigger problem longer term. >> well, two things. first, i would just say, just to remember that this isn't opening sale the insurers we read into the newspaper proposing double-digit premium increases for 2013. keep that in mind. it is negotiation. probably won't come in that high at the end of the day. but longer term, you're right. the government will be the biggest payer of health care benefits particularly in 2014 on ward with the start of obama care. you know, more than $1 out of every 4 goes to healthcare.

and it is only rising exponentially. we will have to have a real discussion about medical technologies. all of the real costly care and really put that into perspective. things are only getting worse. >> real quick. is it a matter of closing loop holes. ways reading that some healthcare insurance companies with raise rates as much as they did before the affordable care act was enacted. >> i mean, i don't think it is necessarily a loophole. the insurers are going to be winning out, if you will, because of the additional covered lives and through medicaid expanse. so there are, you know, not just pricing but also through volume. i would just add that these insurers are going to be profitable. >> thank you both very much. hot topic discussion. i'm sure it's not over. see you again soon. >> thank you. to your point, mandy, there are some states where regulators have the ability to say no. >> absolutely.

>> states like california that don't, they can do this. i just wonder if the insurance companies aren't tone deaf. when they do this, we bring it up, others bring it up harder. slam them for it. and they end up looking silly but i guess they are not charities either. >> they are not charities either. sometimes the health insure ups companies with justify and say, well, medical cost are going up which begs the question what you were trying to get at, right? how do we solve the initial problem. medical cost are going up because we have more unhealthy nation as time goes on. like the chicken or the egg. >> we will have this discussion hopefully in a few days of richard wolf of msnbc. we got into it on the air one day on nsnbc. he is british, you are aussie, how does your system work? is it unlimited all the time? do you pay until the end of life everybody's everything in your socialized medical system? >> is socialized medical system. and no system is perfect but you get more in return for your tax

dollars in care of medical care and cost for return in australia and i think in england as well. >> well, maybe what we can learn from that. up next, five stocks that play in an action pack edition of street talk coming your way. >> holy quacamole. how much avocados cost could be a big buy signal for a food chain. back in two. keep my eye on her...d to but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks.

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newsroom "street signs." >> look. herb, the guy who got me sick. the guy who started the plague in the office. that's what he does. >> he is in his own little cage. there is no one around him.

did you notice that? >> things that could be upside from eventually ipo or core turn around but they said it is hard to have conviction given the facts they currently have. real risk in the organization, still doing well. >> what is the impact there for lowes? >> the company is in operational restructuring but head merchant position is reopening. they don't like the combination and says the store resets have created significant -- not significant enough improvement to sway them and e-commerce is unlikely to be a significant driver for lowes. like 1%. hard it ship i guess a tool chest. >> yeah. >> via mail. >> you can try. stuff it in.

> under armour. >> sales could rise 20% over the next several years. the problem is margins. thinking the margins were too robust. they think the infrastructure compresses margins. even more of an unknown for under armour. >> you've got spend money to make money, even if it hurts you. >> an anti-obesity drug -- obesity drug would make you fat. this is anti-obese et -- >> my guess is that it wouldn't be a big seller? >> comes in the shape of a burger. cold medication is not help meg here. >> it's the nyquil. >> it is. >> is there alcohol in robitussin? i think there is. >> coming in at 13,000 for the four weeks into december 21st. up 5200 for the month before. so drugs have been facing a lot of hurdles for vivus.

this is good news. b of a adding the company to its list. >> i know you through in master card. no real news here but it is still news considering we have just come off the holiday. and what do you use? your mastercard. >> everyone was worried about holiday spending. if people were that ppanicked a it, would you see these levels? earlier today at 517, all-time high. keeps climbing throughout the day. positive momentum behind mastercard. >> i think i'm 20 bucks worth of that stock there because i gave my microcast ac h /* mi plastic a work out this past holiday. >> so did i. >> thanks in part to avocados, steven anderson, when we say thanks to avocados, are we th k

thinking lower prices? >> we have a good growing season and that is helping the lower avocado prices. i think what many people are seeing right now is dairy cost started to plunge in december. and with the exception of the farm bill, we have avoided the dairy cliff. that removes a potential head wind for chipotle. i think it is going to be less than a head wind than expected. >> lower avocado, lower dairy, that doesn't just lep chopotle. that helps other chains such as chile's and taco bell. >> it is not just a food cost, it is a tp line as well. c chipotle is still a low taen percent year over year pace. that's far away better than the covered names in our universe. on top of that, even though they've fallen from the

double-digit pace they had about a year ago, we still expect chopotle to garner the same restaurant sales in 2013 and about 5% in 2014. that in part by menu price increases of about 2% that we expect for this year. >> steven, tell me why i shouldn't be worried as an investor about chipotle's three-year. >> well it still generates considerable new year growth. while at the same time, it generates a free cash flow yield of about 2%. we see it going up to 3.5% over the next couple of years. in the growth universe that's best in class among growth names. on top of that there is a second concept they develop called chop house. the southeast asian equivalent where you select the bowl, and the topping.

a couple years later on in 2013, they spent time testing in that one d.c. location, so after that testing period, we feel that chipotle will be good. >> i call that ikea food. like building it. >> panda express -- >> we will continue our '70s theme because well, for the well off, taxes will look a lot like the jimmy carter years. >> and if you think you have a stressful job, stick around. because we have the world's five most stressful jobs out there. here a hint. tv somehow didn't quite make the list. i don't know why. she knows you like no one else.

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welcome back, everybody. at the top of the hour, more fuel efficient cars are leading to shortfalls in gasoline taxes. so could that pave the way for states to tax you for the number of miles you drive? we will debate that one. plus, bond yields are spiking so far this year, so is the great 30-year bond bull market ending? the man just named morningstar's

best bond fund manager of 2012 will join us to discuss. and the u.s. experiencing one of the worst flu seasons of years. one of the world's largest vaccine makers explains how his company is fighting the flu. but first of course, more "street signs." >> all right, tyler, thank you very much. new york times headlines says it all. tax rates at the top, most, quote, progressive since 1979. in other words tax rate are the highest since 1979. with the new fed rates, higher state rates, special obama care tax and return of the pep and peas deduction limits, yeah, we said it, well often many states see taxes at 50% at the top end. let's bring in dan mitchell and robert frank. dan, when you put all these numbers together, and diit over the weekend, laid up on the couch, i think nine states at the very top, and your effective will be lower, i get it, but

nine states, you will hit 50%. >> i definitely would not want it live in california and i probably should have trained to be an accountant rather than an economist because this is great for the tax preparation industry but what matters for the competitiveness from a job standpoint is marginal tax rate are very, very high, as you said, over 50% in several states and this is going to discourage a lot of wealth creation. a lot of entrepreneurship in the country because people are not fat cats awaiting slaughter. they will reduce what they report to government. >> is this the best they can do to spur the economy? slaughter people and take 50%. ewant it eliminate all deductions and just lower the rates? >> that certainly is what i want to do. the problem is not only do you have the class welfare people against it but also this huge industry inside washington of

the special interest groups, lobbyist, bureaucrats, insiders and the politicians all of whom benefit from this complicated 72,000 page plus tax system. why, if you were on the finance or ways and means committee in the house respectively, why would you want it turn your committee into a harmless oversight committee by doing real tax reform. >> dan, just to take the other side and talk about other arguments here, economists have looked at the correlation between economic growth and top tax rates and they find there really is no correlation between the tax rates on the top earners and economic growth. everyone from each party can pick a period of time and say, this proves our point. but in fact if you look at capital gains or income tax rate, there really is no correlation. broader issues like the stock market and gdp determine the income stream where as taxes just decide how that is divided up. how do you look at that issue? >> if you dig into that research, what you are finding

is that there are lots of things that affect the economy. let's take the clinton years as a good exam. . tax rate went up in clinton's first year. but the next seven years we reduced government spending by four percentage point. expand world trade with gap and nafta. much more free market economy when clinon left office than when he took office. the one bad thing he did on tax rates is offset other good policy. but if all you are talking about in isolation is just the effective tax policy, there is no question in my mind that there's a reason why low tax economies like hong kong and singapore grow faster than we grow. >> i have a question for you. do you know which area of the economy will be his first? entertainment, dining? buying houses? something of charity? >> well, spending and lifestyle is the last thing that they

touch. and sort of order of priority, they wall up the lifestyle. that doesn't get touched. retirement income, family. what they pass to the kids, that doesn't get touched. i think it is charity. >> me too. >> and that's the issue -- >> saddest thing of all. >> you -- mandy, stop acting like you hob-nob with the big deals, because you know you do. >> i can hob-nob with the -- >> every single person i talked to, and these are. jerks, not heartless idiots. but they believe that the government is the ultimate form of charity. >> right. >> and the first thing they cut back on is charity. >> same financial bucket. >> so you kill the bottom and top people. >> if you take a larger piece of that bucket, taxes will suffer. i think spending will be the last thing. i think we will see it in the stock market as well. >> i know we got to go, this is like -- listen, i'm pay 75% in faxes if i have a ten-minute

high speed rail to work, free health care. the problem in america is we don't see that. the airports are old. health care's expensive. education is out of control. we have hour-long commutes at best. and we keep paying higher taxes. >> it's not that you even get those good results in a place like france. when hollande is trying to put in this, they're moving to belgium and switzerland and london. >> and russia. >> and even russia although that's for citizenship purposes. not residence purposes. the moral of the story is high tax rates are going to lead to inefficient tax avoidance behavior on the part of rich people. that's bad for the rest of us. and also and this is the worst part to me, the more money you bring in, the more they're going

to spend. >> it's not like joe and jane six pack will see that. trickle down economics may not work in the private sector. it sure as heck doesn't work the government. >> in places like hong kong, they're bursting at the seams. alive are growth. up next, big bets of alabama and the luck of the irish. the megamoney behind tonight's bcs game when "street signs" comes back. >> we'll leave you now with how the markets are doing. we have a down day today. the best week in over a year last week. stick around. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! ♪ ♪

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think your job is stressful? does it make our list? right now on cnbc.com, the ten most stressful professions. top five. airline pilot, fighter pilot, military general, and military personnel. that i can understand. also on cnbc.com, the ten least stressful jobs. i wonder if anchor makes it. >> anchorman? sure. jazz flutist. the big game is tonight between notre dame and alabama.

not only is it going to be a great game, there's a lot of money on the line. brian shactman, a win tonight could be a big financial boost to either school. >> just talked to not my bookie but a person who takes bets in las vegas -- >> clear that up. >> point spread up to ten. forgive my voice too. and what they've said is that the bigger money is on alabama, but more betters have bet on notre dame. so vegas makes it big if alabama wins the game but doesn't cover. >> boy, notre dame is getting no respect. ten-point line against an undefeated team with one of the hardest schedules in the league? and leprechauns on their side. >> i think there's a sense if they don't keep it early, then roll tide might roll. in terms of what the schools get, notre dame is in a unique situation. they're an independent. they get to keep all of the $6.2 million. whereas alabama there's a pool of $23 million-plus they get to split with the s.e.c.

they walk with half the amount of money notre dame does. but we talked with notre dame. fund raising doesn't go up on this. but when it comes to o renegotiating sponsorship, it means millions upon millions dollars nor the school. >> i have no two cents to add here. >> the best player for alabama is an aussie. he's from brisbane. jesse williams. >> good for him. >> he's an aussie and is going to play in the nfl. >> they breed them tough down under. >> come on, mandy. tune in. 8:30. honey boo boo's big money boo boo up next. [ male announcer ] where do you turn for legal matters?

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